Ali Martinez: “Bitcoin miners are massively selling off crypto assets”

A popular cryptanalyst and trader announced that over the past 24 hours, Bitcoin miners have sold 10,600 BTC for a total of about $456 million..

Ali Martinez referred to data from the Crypto Quant analytical platform. Significant digital asset selling pressure is being seen on major cryptocurrency exchanges as Bitcoin miners attempt to take profits in a down market..

The Bitcoin market has been undergoing a correction since the beginning of 2024 and has already experienced two sharp and significant price declines.. The first happened on January 3, when BTS lost about $60 billion in capitalization in one day, and the second happened shortly after the launch of EFT on Bitcoin. Then, after briefly testing the level of $49,000, the rate immediately collapsed to levels close to $42,000.

On the evening of Wednesday, January 17, the first cryptocurrency by capitalization is offered for purchase for approximately $42,469. In the last 24 hours, the price of military-technical cooperation has decreased by 1.22%. On the weekly timeframe, the decrease in market value was about 5%.

Analysts at CryptoSlate reported that in the first ten days of January, the sales volume of so-called short-term investors amounted to about 111,000 bitcoins, which is close to $5 billion.